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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: November 14, 1996
Commission file number 1-1097
OKLAHOMA GAS AND ELECTRIC COMPANY
(Exact name of registrant as specified in its charter)
Oklahoma 73-0382390
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
101 North Robinson
P. O. Box 321
Oklahoma City, Oklahoma 73101-0321
(Address of principal executive offices)
(Zip Code)
405-553-3000
(Registrant's telephone number, including area code)
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Item 5. Other Events
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Standard & Poor's Revises OG&E's Financial Outlook
Standard & Poor's (S&P) has revised the outlook for Oklahoma Gas and
Electric Company's (OG&E) debt and preferred stock from stable to negative. This
outlook change is in response to the $94.5 million rate decrease proposed by the
Oklahoma Corporation Commission (OCC) staff. S&P believes a reduction of this
magnitude would weaken OG&E financially.
This revised outlook does not mean S&P has already downgraded OG&E's credit
rating. They are warning investors that OG&E's credit rating is on review
pending the rate case.
In June, 1996, OG&E filed for a $14.2 million rate reduction. In October,
1996, the OCC staff issued its proposed rate reduction of $94.5 million. S&P
said its outlook is appropriate since the OCC staff's recommendation for such a
large rate reduction may result in significantly more than the rate reduction
proposed by OG&E.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
OKLAHOMA GAS AND ELECTRIC COMPANY
(Registrant)
By /s/ Donald R Rowlett
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Donald R Rowlett
Controller Corporate Accounting
(On behalf of the registrant and in
his capacity as Chief Accounting Officer)
November 14, 1996
